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Bitcoin Plummeted To $68,725, Raising Investor Concerns.

By May 29, 20242 minute read

The price of Bitcoin is $67,935.60. There was a 0.13% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 2.71%.

Ethereum (ETH) is currently trading at $3,807.13. There has been a decrease of 1.60% in its price in the last 24 hours. The 7-day ETH is up by 1.70%.

Technical indicators show mixed signals: the Hourly MACD is losing pace in the bearish zone, while the Hourly RSI for BTC/USD is now above the 50 level. Major support levels are identified at $67,500 and $66,250, providing potential cushions against further declines. On the upside, major resistance levels are at $69,000 and $70,600, which Bitcoin must surpass to regain bullish momentum and stabilize the market.

As of 02:45 PM, 29th May 2024, on WazirX, Bitcoin’s current price is ₹58,45,999. Its price has decreased by 1.62% in the last 24 hours. In the past seven days, Bitcoin has decreased by 2.89%.

Ethereum (ETH) is trading at ₹3,26,000, down by 2.53% in the last 24 hours. The 7-day ETH is up 1.58%.

The top gainers on WazirX include Bob (BOB), Contentos (COS), and cat in a dogs world (MEW), with price increases of 54.84%, 46.57%, and 27.65%, respectively.

However, the tokens that underperformed comprised Audius (AUDIO), Pepe (PEPE), and Arweave (AR), with a price decrease of 8.8%, 7.87%, and 7.85%, respectively.

Shiba Inu (SHIB) saw a price increase of 10.41% and is now priced at ₹0.002374. Dogecoin (DOGE) saw a decrease of 0.4% and is now priced at ₹14.1110.

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